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1967 (4) TMI 5 - SC - Wealth-taxClaim for exemption - assessee claimed before the WTO that it was not liable to pay wealth-tax during the year of account as it was exempted from wealth-tax u/s. 45(d) - WTO was not justified in rejecting the claim on the ground that the assessee was established within the meaning of s. 45(d) and the proviso thereto in November, 1951, and, consequently, the period of five years' exemption was over with the assessment years 1956-57 - Assessee's appeal is allowed
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